SPS Commerce Inc
NASDAQ:SPSC

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SPS Commerce Inc Logo
SPS Commerce Inc
NASDAQ:SPSC
Watchlist
Price: 134.64 USD -0.12% Market Closed
Market Cap: 5.1B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one SPSC stock under the Base Case scenario is 177.82 USD. Compared to the current market price of 134.64 USD, SPS Commerce Inc is Undervalued by 24%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SPSC Relative Value
Base Case
177.82 USD
Undervaluation 24%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

7.6
P/S
P/S
Price to Sales
7.6
vs History
95
vs Industry
15
Median 3Y
11.8
Median 5Y
11.6
Industry
2.4
Forward
6.6
More Details
63
P/E
P/E
Price to Earnings
63
vs History
95
vs Industry
9
Median 3Y
94.3
Median 5Y
91.7
Industry
22.6
Forward
33.5
More Details
31.3
P/OCF
P/OCF
Price to OCF
31.3
vs History
95
vs Industry
18
Median 3Y
47.5
Median 5Y
45.2
Industry
17
More Details
36.4
P/FCFE
P/FCFE
Price to FCFE
36.4
vs History
95
vs Industry
18
Median 3Y
57.6
Median 5Y
53.9
Industry
21.5
More Details
5.6
P/B
P/B
Price to Book Value
5.6
vs History
95
vs Industry
19
Median 3Y
9.4
Median 5Y
8.9
Industry
2.9
More Details
7.5
EV/S
EV/S
Enterprise Value to Sales
7.5
vs History
93
vs Industry
15
Median 3Y
11.3
Median 5Y
11
Industry
2.4
Forward
6.5
More Details
11.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
11.1
vs History
95
vs Industry
20
Median 3Y
17.1
Median 5Y
16.4
Industry
4.9
More Details
34.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
34.4
vs History
95
vs Industry
13
Median 3Y
52.4
Median 5Y
51
Industry
12.6
Forward
21.3
More Details
50.5
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
50.5
vs History
95
vs Industry
10
Median 3Y
75.3
Median 5Y
72.9
Industry
16.2
Forward
24.1
More Details
30.7
EV/OCF
EV/OCF
Enterprise Value to OCF
30.7
vs History
88
vs Industry
19
Median 3Y
45.4
Median 5Y
42.7
Industry
15.5
More Details
35.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
35.7
vs History
93
vs Industry
16
Median 3Y
54.4
Median 5Y
51.3
Industry
18.8
More Details
5
EV/IC
EV/IC
Enterprise Value to IC
5
vs History
96
vs Industry
17
Median 3Y
11.2
Median 5Y
11.2
Industry
2.4
More Details

Multiples Across Competitors

SPSC Competitors Multiples
SPS Commerce Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
SPS Commerce Inc
NASDAQ:SPSC
5.1B USD 7.6 63 34.4 50.5
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
DE
SAP SE
XETRA:SAP
300.3B EUR 8.5 52.4 28.3 32.4
US
Palantir Technologies Inc
NYSE:PLTR
331.7B USD 106.5 581.1 749.4 804.4
US
Salesforce Inc
NYSE:CRM
253.2B USD 6.6 40.8 21.5 30.9
US
Intuit Inc
NASDAQ:INTU
214.4B USD 11.8 61.8 39.1 45.8
US
Adobe Inc
NASDAQ:ADBE
171.1B USD 7.6 24.9 19.5 21.6
US
NCR Corp
LSE:0K45
156.8B USD 45.5 170 490 3 495.4
US
Applovin Corp
NASDAQ:APP
125.4B USD 24.4 65.4 45.8 53.8
US
Microstrategy Inc
NASDAQ:MSTR
101.7B USD 221.5 -19 -3 192.1 -1 652.7
JP
Kaonavi Inc
TSE:4435
52.1B JPY 5.5 176.7 74.4 87.3
P/S Multiple
Revenue Growth P/S to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average P/S: 21 305.1
7.6
16%
0.5
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
DE
SAP SE
XETRA:SAP
8.5
12%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
106.5
33%
3.2
US
Salesforce Inc
NYSE:CRM
6.6
10%
0.7
US
Intuit Inc
NASDAQ:INTU
11.8
14%
0.8
US
Adobe Inc
NASDAQ:ADBE
7.6
10%
0.8
US
N
NCR Corp
LSE:0K45
45.5
-8%
N/A
US
Applovin Corp
NASDAQ:APP
24.4
23%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
221.5
4%
55.4
JP
Kaonavi Inc
TSE:4435
5.5
N/A N/A
P/E Multiple
Earnings Growth PEG
US
SPS Commerce Inc
NASDAQ:SPSC
Average P/E: 137.3
63
40%
1.6
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
DE
SAP SE
XETRA:SAP
52.4
50%
1
US
Palantir Technologies Inc
NYSE:PLTR
581.1
73%
8
US
Salesforce Inc
NYSE:CRM
40.8
32%
1.3
US
Intuit Inc
NASDAQ:INTU
61.8
34%
1.8
US
Adobe Inc
NASDAQ:ADBE
24.9
26%
1
US
N
NCR Corp
LSE:0K45
170
-47%
N/A
US
Applovin Corp
NASDAQ:APP
65.4
44%
1.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -19 N/A N/A
JP
Kaonavi Inc
TSE:4435
176.7
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average EV/EBITDA: 166.9
34.4
35%
1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
DE
SAP SE
XETRA:SAP
28.3
19%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
749.4
109%
6.9
US
Salesforce Inc
NYSE:CRM
21.5
24%
0.9
US
Intuit Inc
NASDAQ:INTU
39.1
28%
1.4
US
Adobe Inc
NASDAQ:ADBE
19.5
17%
1.1
US
N
NCR Corp
LSE:0K45
490
12%
40.8
US
Applovin Corp
NASDAQ:APP
45.8
42%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -3 192.1 N/A N/A
JP
Kaonavi Inc
TSE:4435
74.4
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
SPS Commerce Inc
NASDAQ:SPSC
Average EV/EBIT: 513.6
50.5
47%
1.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
DE
SAP SE
XETRA:SAP
32.4
21%
1.5
US
Palantir Technologies Inc
NYSE:PLTR
804.4
110%
7.3
US
Salesforce Inc
NYSE:CRM
30.9
33%
0.9
US
Intuit Inc
NASDAQ:INTU
45.8
37%
1.2
US
Adobe Inc
NASDAQ:ADBE
21.6
20%
1.1
US
N
NCR Corp
LSE:0K45
3 495.4
90%
38.8
US
Applovin Corp
NASDAQ:APP
53.8
45%
1.2
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 652.7 N/A N/A
JP
Kaonavi Inc
TSE:4435
87.3
N/A N/A

See Also

Summary
SPSC intrinsic value, competitors valuation, and company profile.
DCF Valuation
SPSC stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SPSC stock valuation using valuation multiples.
Wall Street Estimates
SPSC price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SPSC stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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